Practice phrasal verbs in the context of MONEY

10 Phrasal Verbs "Money"

to SAVE UP = to keep money to try and achieve a certain level, usually to buy something big or expensive

I'm trying to SAVE UP to buy a new computer. My old one isn't working well anymore!

to CUT BACK = to do less of or reduce something, in this case to spend less money

I need to CUT BACK on my spending. Last year I spent $10,000 on Amazon!

to SPLASH OUT ON = to spend freely, or to spend a lot on something without worry or concern; probably more than you do on a regular occasion

I think I am going to SPLASH OUT ON a new dress for my birthday. I'm turning 30!

to GET BY = to have just enough money for what you need

As a student, I don't have much money, but I'm GETTING BY.

to RIP (someone) OFF = to charge too much money for something

The restaurant completely RIPPED us OFF! They charged us for something we didn't even order!

to PAY BACK = to return money that you owe

I need to PAY my sister BACK for the money she lent me when we went shopping last weekend.

to CHIP IN = to contribute money with other people

Every year at Christmas, my siblings and I all CHIP IN to get our parents a nice gift instead of getting multiple smaller gifts.

to PUT ASIDE = to save money for a specific purpose

Every month I PUT ASIDE some money into a separate retirement account.

to DIP INTO = to spend part of your saved money

It has been a rough year financially. I've had to DIP INTO my savings account a few times.

to BAIL OUT = to help a person/organization out of a difficult situation

The national government BAILED OUT the airline before it went bankrupt.